Most of the times its good news for Uber to be able to continue their services in a country, but this time it’s not a good news for the company. Uber must continue its services in the Philippines while antitrust investigators review the merger with Grab’s Southeast Asia business. This step has already been taken in Singapore, so it will also be possible in the Philippines argued regulators.
It’s a last-minute move: the shutdown was supposed to take place April 8th. If and when Uber can close up shop will depend on the review, and there’s no guarantee it will work in the company’s favor when competition officials are concerned that Grab might “harm the riding public” with a monopoly.
No comment has been made by Uber. It is expected to push for the merger harder though. The company is backing out to save money and guarantees revenue in regions like China and Russia where a rival dominates. When the merger is completed it will give Grab a lot bigger slice of the pie. So there is no point to fight a losing battle for Uber.